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Summarized Financial Information of Capital Holdings (Tables)
 3 Months Ended
Mar. 31, 2015
Summarized Financial Information [Abstract]  
Condensed Consolidating Statements
Condensed consolidating financial information is as follows:

Condensed Consolidating Statements of Income

 
Three Months Ended March 31,
 
2015
 
2014
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
—

 
$
1,567

 
$
2,537

 
$
4,104

 
$
—

 
$
1,142

 
$
2,532

 
$
3,674

Operating expenses
(4
)
 
(1,095
)
 
(1,876
)
 
(2,975
)
 
(4
)
 
(1,032
)
 
(1,900
)
 
(2,936
)
Interest expense
(1
)
 
(205
)
 
(115
)
 
(321
)
 
(2
)
 
(216
)
 
(101
)
 
(319
)
Equity in earnings of subsidiaries
645

 
—

 
(645
)
 
—

 
435

 
—

 
(435
)
 
—

Other income - net
—

 
117

 
11

 
128

 
1

 
148

 
15

 
164

Income (loss) before income taxes
640

 
384

 
(88
)
 
936

 
430

 
42

 
111

 
583

Income tax expense (benefit)
(10
)
 
93

 
203

 
286

 
—

 
(46
)
 
199

 
153

Net income (loss)
650


291


(291
)

650


430


88


(88
)

430

Less net income attributable to noncontrolling interests
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Net income (loss) attributable to NEE
$
650

 
$
291

 
$
(291
)
 
$
650

 
$
430

 
$
88

 
$
(88
)
 
$
430


————————————
(a)  Represents primarily FPL and consolidating adjustments.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Condensed Consolidating Statements of Comprehensive Income

 
Three Months Ended March 31,
 
2015
 
2014
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Comprehensive income (loss) attributable to NEE
$
617

 
$
274

 
$
(274
)
 
$
617

 
$
395

 
$
48

 
$
(48
)
 
$
395

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
————————————
(a)
Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets

 
March 31, 2015
 
December 31, 2014
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
PROPERTY, PLANT AND EQUIPMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Electric plant in service and other property
$
27

 
$
31,918

 
$
42,733

 
$
74,678

 
$
27

 
$
31,674

 
$
41,938

 
$
73,639

Less accumulated depreciation and amortization
(13
)
 
(6,948
)
 
(11,484
)
 
(18,445
)
 
(12
)
 
(6,640
)
 
(11,282
)
 
(17,934
)
Total property, plant and equipment - net
14

 
24,970

 
31,249

 
56,233

 
15

 
25,034

 
30,656

 
55,705

CURRENT ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
—

 
441

 
28

 
469

 
—

 
562

 
15

 
577

Receivables
212

 
1,489

 
326

 
2,027

 
82

 
1,378

 
699

 
2,159

Other
125

 
2,088

 
1,588

 
3,801

 
19

 
2,512

 
1,677

 
4,208

Total current assets
337

 
4,018

 
1,942

 
6,297

 
101

 
4,452

 
2,391

 
6,944

OTHER ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Investment in subsidiaries
19,997

 
—

 
(19,997
)
 
—

 
19,703

 
—

 
(19,703
)
 
—

Other
660

 
6,487

 
5,252

 
12,399

 
736

 
6,066

 
5,478

 
12,280

Total other assets
20,657

 
6,487

 
(14,745
)
 
12,399

 
20,439

 
6,066

 
(14,225
)
 
12,280

TOTAL ASSETS
$
21,008

 
$
35,475

 
$
18,446

 
$
74,929

 
$
20,555

 
$
35,552

 
$
18,822

 
$
74,929

CAPITALIZATION
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Common shareholders' equity
$
20,235

 
$
5,941

 
$
(5,941
)
 
$
20,235

 
$
19,916

 
$
6,552

 
$
(6,552
)
 
$
19,916

Noncontrolling interests
—

 
229

 
—

 
229

 
—

 
252

 
—

 
252

Long-term debt
—

 
14,882

 
9,382

 
24,264

 
—

 
14,954

 
9,413

 
24,367

Total capitalization
20,235

 
21,052

 
3,441

 
44,728

 
19,916

 
21,758

 
2,861

 
44,535

CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Debt due within one year
—

 
4,720

 
482

 
5,202

 
—

 
3,455

 
1,202

 
4,657

Accounts payable
—

 
534

 
570

 
1,104

 
—

 
707

 
647

 
1,354

Other
322

 
1,575

 
1,183

 
3,080

 
182

 
2,075

 
1,395

 
3,652

Total current liabilities
322

 
6,829

 
2,235

 
9,386

 
182

 
6,237

 
3,244

 
9,663

OTHER LIABILITIES AND DEFERRED CREDITS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Asset retirement obligations
—

 
642

 
1,374

 
2,016

 
—

 
631

 
1,355

 
1,986

Deferred income taxes
142

 
2,633

 
6,562

 
9,337

 
149

 
2,608

 
6,504

 
9,261

Other
309

 
4,319

 
4,834

 
9,462

 
308

 
4,318

 
4,858

 
9,484

Total other liabilities and deferred credits
451

 
7,594

 
12,770

 
20,815

 
457

 
7,557

 
12,717

 
20,731

COMMITMENTS AND CONTINGENCIES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL CAPITALIZATION AND LIABILITIES
$
21,008

 
$
35,475

 
$
18,446

 
$
74,929

 
$
20,555

 
$
35,552

 
$
18,822

 
$
74,929

————————————
(a)
Represents primarily FPL and consolidating adjustments.
Condensed Consolidating Statements of Cash Flows

 
Three Months Ended March 31,
 
2015
 
2014
 
NEE
(Guaran-
tor)
 

NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guaran-
tor)
 

NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
NET CASH PROVIDED BY OPERATING ACTIVITIES
$
907

 
$
225

 
$
49

 
$
1,181

 
$
428

 
$
147

 
$
442

 
$
1,017

CASH FLOWS FROM INVESTING ACTIVITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 


Capital expenditures, independent power and other investments and nuclear fuel purchases
—

 
(801
)
 
(765
)
 
(1,566
)
 
—

 
(798
)
 
(1,068
)
 
(1,866
)
Capital contribution to FPL
(550
)
 
—

 
550

 
—

 
(100
)
 
—

 
100

 
—

Change in loan proceeds restricted for construction
—

 
2

 
—

 
2

 
—

 
(28
)
 
—

 
(28
)
Other - net
(1
)
 
—

 
1

 
—

 
—

 
58

 
(6
)
 
52

Net cash used in investing activities
(551
)
 
(799
)
 
(214
)
 
(1,564
)
 
(100
)
 
(768
)
 
(974
)
 
(1,842
)
CASH FLOWS FROM FINANCING ACTIVITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Issuances of long-term debt
—

 
194

 
—

 
194

 
—

 
655

 
—

 
655

Retirements of long-term debt
—

 
(139
)
 
(31
)
 
(170
)
 
—

 
(688
)
 
(29
)
 
(717
)
Net change in short-term debt
—

 
1,325

 
(722
)
 
603

 
—

 
1,059

 
120

 
1,179

Dividends on common stock
(341
)
 
—

 
—

 
(341
)
 
(315
)
 
—

 
—

 
(315
)
Dividends to NEE
—

 
(902
)
 
902

 
—

 
—

 
(433
)
 
433

 
—

Other - net
(15
)
 
(25
)
 
29

 
(11
)
 
(8
)
 
55

 
26

 
73

Net cash provided by (used in) financing activities
(356
)
 
453

 
178

 
275

 
(323
)
 
648

 
550

 
875

Net increase (decrease) in cash and cash equivalents
—

 
(121
)
 
13

 
(108
)
 
5

 
27

 
18

 
50

Cash and cash equivalents at beginning of period
—

 
562

 
15

 
577

 
—

 
418

 
20

 
438

Cash and cash equivalents at end of period
$
—

 
$
441

 
$
28

 
$
469

 
$
5

 
$
445

 
$
38

 
$
488

————————————
(a)
Represents primarily FPL and consolidating adjustments.